#15 Seattle Mariners

#15 Seattle Mariners

Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt.

$1.6BCalculated April 2019

Owner(s)

John Stanton, Chris Larson

Championships

0

Year Purchased

2016, 1992

Price Paid

$1.2B, $100M

Revenue

2

Net of stadium revenues used for debt payments.

$320M

Operating Income

3

Earnings before interest, taxes, depreciation and amortization.

$31M

Debt/Value

4

Includes stadium debt.

13%

Player Expenses

5

Includes benefits and bonuses.

$174M

Gate Receipts

6

Includes club seats.

$72M

Wins-to-player cost ratio

7

Co victories per dollar of payroll cmpares the number of wins per player payroll relative to the rest of the MLB. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% moreompared with the league average during the 2018 season.

92

Revenue per Fan

8

Local revenues divided by metro population with populations in two-team markets divided in half.

$60

Metro Area Population

3.7M

Media partners

tv: Root Sports Northwest; radio: 710 ESPN Seattle

Footnotes

1. Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt.

2. Net of stadium revenues used for debt payments.

3. Earnings before interest, taxes, depreciation and amortization.

4. Includes stadium debt.

5. Includes benefits and bonuses.

6. Includes club seats.

7. Co victories per dollar of payroll cmpares the number of wins per player payroll relative to the rest of the MLB. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% moreompared with the league average during the 2018 season.

8. Local revenues divided by metro population with populations in two-team markets divided in half.

The Mariners agreed to a 25-year lease extension at T-Mobile Park with the Washington State MLB Public Facilities District starting with the 2019 season. Under the terms of the new agreement, the Mariners will contribute about $650 million to the PFD and the ballpark, including $55 million for 25 years of rent; $120 million towards a new ballpark upgrades fund; 1.5% to 2% of ticket sales revenue; and an estimated $175 million generated from taxes collected on parking and tickets sold for T-Mobile Park events. The lease

requires that the Mariners maintain Safeco Field in first-class condition, measured against the top one-third of comparable MLB ballparks.

... Read More

Numbers

Valuation Breakdown

9. Portion of franchise's value attributable to revenue shared among all teams.

10. Portion of franchise's value attributable to its city and market size.

11. Portion of franchise's value attributable to its stadium.

12. Portion of franchise's value attributable to its brand.

Value Change

9%

1-YEAR CHANGE

9%

ANNUALIZED CHANGE

13

Renovation.

13. Renovation.

Historical

2019

Value1

Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt.

$1.6B

2019

$1.6B

2018

$1.5B

2017

$1.4B

2016

$1.2B

2015

$1.1B

2014

$710M

2013

$644M

2012

$586M

2011

$449M

2010

$439M

Revenue2

Net of stadium revenues used for debt payments.

$320M

2019

$320M

2018

$288M

2017

$289M

2016

$271M

2015

$250M

2014

$210M

2013

$215M

2012

$211M

2011

$204M

2010

$191M

Operating Income3

Earnings before interest, taxes, depreciation and amortization.

$31M

2019

$31M

2018

-$2.4M

2017

$12M

2016

$16.8M

2015

$26.4M

2014

$5.3M

2013

$12.9M

2012

$2.3M

2011

$9.9M

2010

$10.5M

Player Expenses5

Includes benefits and bonuses.

$174M

2019

$174M

2018

$174M

2017

$161M

2016

$139M

2015

$121M

2014

$104M

2013

$103M

2012

$120M

2011

$111M

2010

$119M

Win-to-Player Cost Ratio7

Co victories per dollar of payroll cmpares the number of wins per player payroll relative to the rest of the MLB. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% moreompared with the league average during the 2018 season.

92

2019

92

2018

79

2017

92

2016

89

2015

108

2014

93

2013

97

2012

71

2011

66

2010

87

1. Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt.

2. Net of stadium revenues used for debt payments.

3. Earnings before interest, taxes, depreciation and amortization.

5. Includes benefits and bonuses.

7. Co victories per dollar of payroll cmpares the number of wins per player payroll relative to the rest of the MLB. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% moreompared with the league average during the 2018 season.

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